XGDG.L vs. SSLN.L
XGDG.L (Xtrackers IE Physical Gold GBP Hedged ETC Securities) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - XGDG.L is a Precious Metals fund tracking the Gold (GBP Hedged), while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, XGDG.L returned 17.04%/yr vs 22.99%/yr for SSLN.L. A 0.66 correlation means they provide meaningful diversification when combined. XGDG.L charges 0.28%/yr vs 0.20%/yr for SSLN.L.
Performance
XGDG.L vs. SSLN.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XGDG.L having a 3.04% return and SSLN.L slightly higher at 3.18%.
XGDG.L
- 1D
- 0.66%
- 1M
- -2.45%
- YTD
- 3.04%
- 6M
- 5.30%
- 1Y
- 30.85%
- 3Y*
- 30.11%
- 5Y*
- 17.04%
- 10Y*
- —
SSLN.L
- 1D
- 0.48%
- 1M
- 1.18%
- YTD
- 3.18%
- 6M
- 28.32%
- 1Y
- 115.93%
- 3Y*
- 42.31%
- 5Y*
- 22.99%
- 10Y*
- 16.71%
XGDG.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDG.L Xtrackers IE Physical Gold GBP Hedged ETC Securities | 3.04% | 63.15% | 25.16% | 11.50% | -1.40% | -5.50% | 6.91% |
SSLN.L iShares Physical Silver ETC | 3.18% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 37.10% |
Correlation
The correlation between XGDG.L and SSLN.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 26, 2020 | 0.66 |
The correlation between XGDG.L and SSLN.L has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
XGDG.L vs. SSLN.L — Risk / Return Rank
XGDG.L
SSLN.L
XGDG.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) and iShares Physical Silver ETC (SSLN.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XGDG.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.98 | -1.32 |
| Martin ratioReturn relative to average drawdown | 4.40 | 6.53 | -2.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGDG.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.11 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.70 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.17 | +0.70 |
Drawdowns
XGDG.L vs. SSLN.L - Drawdown Comparison
The maximum XGDG.L drawdown since its inception was -23.31%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for XGDG.L and SSLN.L.
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Drawdown Indicators
| XGDG.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -69.95% | +46.64% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -38.72% | +20.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.55% | -38.72% | +20.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -38.72% | +16.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.72% | — |
Current DrawdownCurrent decline from peak | -16.27% | -33.62% | +17.35% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -45.32% | +37.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | 17.69% | -10.70% |
Volatility
XGDG.L vs. SSLN.L - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) is 6.31%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.31%. This indicates that XGDG.L experiences smaller price fluctuations and is considered to be less risky than SSLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDG.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 16.31% | -10.00% |
Volatility (6M)Calculated over the trailing 6-month period | 22.33% | 51.81% | -29.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.24% | 54.53% | -29.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 33.31% | -15.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 29.69% | -12.39% |
XGDG.L vs. SSLN.L - Expense Ratio Comparison
XGDG.L has a 0.28% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
XGDG.L vs. SSLN.L - Dividend Comparison
Neither XGDG.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
XGDG.L and SSLN.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.28% for XGDG.L.
XGDG.L is categorized as Precious Metals, while SSLN.L is Silver. XGDG.L tracks Gold (GBP Hedged), while SSLN.L tracks LBMA Silver Price. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.28% for XGDG.L and 0.20% for SSLN.L.
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